Prismo Metals Announces Debt Settlement
Prismo Metals Announces Debt Settlement
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
Vancouver, British Columbia, October 23, 2024 – Prismo Metals Inc. (“Prismo” or the “Company”)
(CSE: PRIZ) (OTCQB: PMOMF) announces that it has entered into debt settlement agreement s with
certain creditors of the Company (the “ Creditors”) pursuant to which the Company has agreed to
issue to the Creditor s, and the Creditor s have agreed to accept , 100,000 common shares of the
Company at a deemed issue price per share of $0.21 and 17,500 common shares of the Company at
a deemed issue price per share of $0.20 per share (collectively, the “Settlement Shares”) in full and
final settlement of aggregate accrued and outstanding indebtedness in the amount of $24,500.
The Settlement Shares will be subject to a statutory hold period of four months from the date of
issuance under applicable Canadian securities laws, in addition to such other restrictions as may apply
under applicable securities laws of jurisdictions outside Canada.
None of the foregoing securities have been and will not be registered under the United States
Securities Act of 1933, as amended (the “ 1933 Act”) or any applicable state securities laws and may
not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as
defined in Regulation S under the 1933 Act) or persons in the United States absent registration or an
applicable exemption from such registration requirements. This news release does not constitute an
offer to sell or the solicitation of an offer to buy, nor will there be any sale of the foregoing securities
in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Prismo Metals Inc.
Prismo (CSE: PRIZ) is mining exploration company focused on two precious metal projects in Mexico
(Palos Verdes and Los Pavitos) and a copper project in Arizona (Hot Breccia).
Please follow @PrismoMetals on Twitter, Facebook, LinkedIn, Instagram, and YouTube
Prismo Metals Inc.
1100 - 1111 Melville St., Vancouver, British Columbia V6E 3V6
Contact:
Alain Lambert, Chief Executive Officer [email protected]
- 2 -
Steve Robertson, President [email protected]
Jason Frame, Manager of Communications [email protected]
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the
policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of
this release.